Best Way to Finance Solar Panels
Going solar can literally cost tens of thousands of dollars – not a lot of homeowners can afford to pay in cash. Luckily there are many good financing options. In this study, we`ll help you sort through them, and find which one would be the best choice in your situation.
- Solar Lease.
- Power Purchase Agreement (PPA).
- Home Equity Loan.
- Energy Efficient Mortgage (EEM).
- Property Assessed Clean Energy (PACE) Program.
- Peer-to-Peer Lending.
- Shared Solar.
- Group Purchase.
Home Equity Loan
We generally recommend homeowners that can afford to pay a solar system in cash, or have access to a well-structured loan, to avoid third-party ownership. Financing solar through home equity loans, energy efficient mortgages or PACE programs will undoubtedly bring in more savings in the long run.
Many homeowners have financed their solar systems through loans in the past and many still do. However, the popularity of lending has decreased since third-party ownership appeared on the solar market, for the Egyptian market the Bank Loan is the best as money back